Working Tax Credit (WTC)

Working Tax Credit (WTC),

Definition of Working Tax Credit (WTC):

Working Tax Credit (WTC) means: The Employment Tax Credit (WTC) is a government benefit for people living and working in the UK and for low-income people. It was introduced in April 2003 as a proven benefit, a key element of the British welfare state. Capability-tested benefits are offered to people who can show that their income and assets are below a certain threshold.

  • The Employment Tax Credit (WTC) is a government benefit for people living and working in the UK and for low-income people.
  • The Labor Tax Credit (WTC) was introduced in April 2003.
  • Income tax deductions are available for children aged 16 to 24 or for people with disabilities. People over the age of 25 do not need children to be eligible.
  • Candidates should work well depending on the age of the candidate and work at least hours per week.

Literal Meanings of Working Tax Credit (WTC)

Working:

Meanings of Working:
  1. Work to work

  2. Machine, organization or plant function.

  3. An ear or a part of an ear from which minerals are extracted.

  4. Be a paid job.

  5. It can be run.

  6. (Of a theory, definition or title) on which a work or argument is based and which is likely to be developed, adapted or improved.

Sentences of Working
  1. Working with animals teaches patience

  2. We will keep secret about government affairs

  3. Modern mine in an old construction site

  4. Manpower size

  5. There is still a waterwheel working in the factory

  6. Working assumptions are tested and refined through discussion.

Synonyms of Working

makeshift, in work, provisional, interim, impromptu, running, emergency, action, pro tem, improvised, performance, in gainful employment, in a job, short-term, operation, going, working, waged, temporary, active, operating, employed, functioning, rough and ready

Tax:

Meanings of Tax:
  1. Collect taxes (on anything else)

  2. High demands (power or resources)

  3. Confront (someone) with guilt or guilt.

  4. Search and rate (file rate)

  5. Mandatory state-imposed taxes are levied by the government on employee income and company profits, or increase the value of certain goods, services and transactions.

  6. One type or more demand.

Sentences of Tax
  1. Hardware and software are taxed at 7.5%

  2. He knew that the next test would test his full strength.

  3. Why are you blaming me for these baseless allegations?

  4. An officer who keeps track of expenses

  5. Higher taxes will reduce consumer spending

  6. Readers' attention more

Synonyms of Tax

accuse, charge duty on, put a strain on, strain, tribute, stretch, assessment, blame, weigh down, impose a toll on, impost, weight, load, call to account, confront, charge, denounce, stress, make demands on, levy, contribution, pressure, condemn, fee, drain, tariff, demand, duty

Credit:

Meanings of Credit:
  1. Publicly recognizing someone as a production participant (something to be published or broadcast)

  2. Add (amount of money) to the account.

  3. Belief (no wonder or impossible)

  4. The ability of the user to receive goods or services prior to payment based on the belief that payment will be made in the future.

  5. An entry that records the amount received, to the right or in the Accounts column.

  6. Public acknowledgment or appreciation, usually given or received when someone's responsibility for an action or idea becomes clear.

  7. Completion of the course or confirmation of the student's activity, which will be given to the degree or diploma listed in the school records

  8. The quality is reliable or credited.

Sentences of Credit
  1. The script is attributed to an American author and two Japanese authors

  2. You may not believe it but it is true

  3. Columns must be included and the debit amount must be equal to the credit amount.

  4. The president claims all the success for himself

  5. Cicero's abstract philosophy lost its popularity

Synonyms of Credit

commendation, attribute, kudos, financial status, have confidence in, praise, plausibility, assign, recognition, chalk up, regard, give credence to, esteem, admiration, depend on, approval, put down, count on, respect, approbation, adulation, impute, tributes, credibility, solvency, ascribe, financial standing, accept, merit, accredit